786 Bellarmine DrSalinasCA93901
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Salinas at 786 Bellarmine Dr, Salinas, CA, 93901 uses $241,815 cash to close to unlock $4,579/yr annual cash flow and $382/mo monthly cash flow. Total monthly income runs $4,928/mo, and a $3,597/mo payment keeps the spread at $382/mo. Purchase price stands at $735,000, and rental yield measures 8.05% with $4,928/mo rent. Return on cash invested shows 21.95% in year one, and 5% annual appreciation builds toward $203,067 over five years. Five-year ROI reaches 113.77% and total cumulative return in cash records $275,112. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,928/mo property income covering a $3,597/mo payment rather than investor’s personal income.
Single Family
Built in 1962
7,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93901, Salinas, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,104 (100%) |
| Owner Occupied HU | 4,339 (39.1%) |
| Renter Occupied HU | 6,104 (55.0%) |
| Vacant Housing Units | 661 ( 6.0%) |
| Median Home Value | $758,452 |
| Average Home Value | $876,198 |
Housing Distribution
Address Breakdown
Residential
10,686
Single Family
8,645
Multi-Family
2,041
Businesses
2,450
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Scott Craig • KW Coastal Estates
Mls Name: MLSListings Inc
Mls ID: #ML82020799